vimarsana.com

Page 192 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Porsche-Backed Car Tech Firm WayRay Said to Consider Listing Via SPAC

Porsche-Backed Car Tech Firm WayRay Said to Consider Listing Via SPAC This content was published on April 30, 2021 - 13:19 April 30, 2021 - 13:19 (Bloomberg) WayRay, a developer of holographic car displays that’s backed by Porsche AG and Alibaba Group Holding Ltd., is considering a listing through a blank-check firm, people familiar with the matter said. The Swiss company is working with advisers to explore a merger with a special purpose acquisition company, said the people, asking not to be identified because discussions are private. WayRay is considering seeking a valuation of about $2 billion in any deal, they said. WayRay has raised more than $100 million in funding since being founded in 2012. The company has previously said that it aims to become a unicorn achieving a valuation of $1 billion or more by the end of 2019. Its investors include luxury carmaker Porsche, which has teamed up with WayRay on automotive innovation, as well as Chinese e-commerce operat

China reins in tech giants to curb push into financial system

Chinese regulators imposed wide-ranging restrictions on the fast-growing financial divisions of 13 companies including Tencent Holdings Ltd. and ByteDance Ltd., leveling many of the same curbs employed against Jack Ma’s Ant Group Co. in a crackdown on the tech sector. Units of JD.com Inc., Meituan and Didi Chuxing were also among firms summoned to a meeting with several watchdogs including the central bank, which spelled out a raft of requirements including stricter compliance when listing abroad and curbs on information monopolies and the gathering of personal data. Companies must restructure their financial wings into holding companies as part of a broad effort to subject themselves to more rigorous supervision, and sever “improper links” between their existing payments services and financial products, according to a joint statement Thursday from the central bank, banking and insurance regulator, securities watchdog and the forex overseer.

UPDATE 1-China s Ximalaya, Qiniu file for U S IPOs

CORRECTED-UPDATE 1-China s Ximalaya, Qiniu file for U.S. IPOs Reuters 4/30/2021 Popular Searches April 30 (Reuters) - Ximalaya, backed by China s Tencent Holdings, filed for an initial public offering (IPO) in the United States on Friday, cashing in on growing demand as more people tune in to podcasts while staying at home during the pandemic. China s Qiniu Ltd, a cloud-based platform-as-a-service provider backed by Alibaba Group Holding Ltd, also filed paperwork for a U.S. IPO. The largest online audio platform in China, Ximalaya had 250 million average monthly average users in the first quarter of 2021, according to a regulatory filing. Ximalaya, which provides a platform for users to access free or paid content from professional or amateur providers, was valued at $3.71 billion as of July 2018, according to PitchBook. It has raised $225 million in funds from investors including General Atlantic and Tencent.

Alibaba (NYSE:BABA) - Alibaba Limits Senior Exec Pay Hikes Amid Regulatory Crackdown: Reuters

Alibaba (NYSE:BABA) - Alibaba Limits Senior Exec Pay Hikes Amid Regulatory Crackdown: Reuters
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.